Evening Traders,
Today’s analysis – BTCUSD – trading at a key trade location where a bullish reaction is probable,
Points to consider,
- Price Action Impulsive
- .618 Fibonacci Support
(Market Structure Support)
- Gartley C Pattern
- Low Volume
BTCUSD’s immediate price action is trading a key trade location where a trend reversal is probable, allowing for a bullish bias.
The market structure support is being tested currently, holding this level is critical for a bullish bias.
The current volume profile is below average, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, BTCUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“There is a huge difference between a good trade and good trading.” – Steve Burns
Today’s analysis – BTCUSD – trading at a key trade location where a bullish reaction is probable,
Points to consider,
- Price Action Impulsive
- .618 Fibonacci Support
(Market Structure Support)
- Gartley C Pattern
- Low Volume
BTCUSD’s immediate price action is trading a key trade location where a trend reversal is probable, allowing for a bullish bias.
The market structure support is being tested currently, holding this level is critical for a bullish bias.
The current volume profile is below average, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, BTCUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“There is a huge difference between a good trade and good trading.” – Steve Burns
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.